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Feb 6, 2013
02/13
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WTTG
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that was an exchange for republicans agreeing to raise the debt ceiling. and january 1st, the fiscal cliff deal, decided to push it off for 60 days and now here we are. under the terms of the earlier budget deals, now must find $85 billion somewhere by march 1st otherwise pentagon spending will shrink. and medicare will take a 2% reduction. the president and democrats prefer an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts saying they've already agreed to tax hikes. 448,000 jobs in dc, maryland and virginia could be affected. concerned about the impact on our economy. >> sequestration will hurt not only the defense side but the nondefense side. my committee funds the fbi. there will probably be furloughs at the fbi and the national cancer institute, nih. defense and nondefense. >> that hurts the broader economy. people are concerned about their jobs and don't know the impact on their bank accounts. that holds them from spending on movies and restaurants and theaters. thinks he has time to buy a little
that was an exchange for republicans agreeing to raise the debt ceiling. and january 1st, the fiscal cliff deal, decided to push it off for 60 days and now here we are. under the terms of the earlier budget deals, now must find $85 billion somewhere by march 1st otherwise pentagon spending will shrink. and medicare will take a 2% reduction. the president and democrats prefer an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts saying they've...
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Jan 29, 2013
01/13
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KNTV
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he's made it clear he's willing to bypass congress and increase the debt ceiling by executive order if necessary. >> jimmy: you ain't lying, honey bri bri. [ light laughter ] the president's got the bill in his hands. all it needs now is his john hancock. ♪ whipping out his hancock ♪ [ laughter ] >> jimmy: obama's got republicans in a compromising position. and now, he's ready to push his package through congress. ♪ ah push it push it good ah push it ♪ >> push it real good! [ laughter and applause ] ♪ obama's unwillingness to back down on this issue has left the gop handcuffed, helped in no small way by the president's strong backing from prominent democrats, including senate majority leader dick durbin. >> jimmy: hey, hold on. hold up. you gonna roll up in here talking about handcuffs and dicks? [ light laughter ] >> how was third grade, jimmy? ♪ 50 shades of brian williams ♪ >> members of congress have a big job to do. >> jimmy: it's time to come together and raise the roof! ♪ the debt clock is rising there ain't no denying the deadline for action is on the horizon â™
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the debt ceiling has been pushed off till may. now we're in the cadence of the budget that will come forward and immigration reform is the signature item of the president, of the business community and both parties. so there is a realp opportunity to do this. david: let me just ask about one specific thing. a lot of people are on board with regard to immigrants who can add to the economy. we just had an immigrant from india on earlier who came here, got an education, at mit. and went on to start a company that makes a billion dollars and employs a thousand people that kind of immigrant is the nation that is okay with. it is the immigrants to suck off the government, to take more than they give that they're against. do you think everybody is on board with that idea? >> i think there is a lot of misinformation. i don't agree with that characterization. people have to tendency to talk about the founder, the stanford grad or mit grad that knows computer science and pounds a company and that's great. that is the h-1b high-skilled worke
the debt ceiling has been pushed off till may. now we're in the cadence of the budget that will come forward and immigration reform is the signature item of the president, of the business community and both parties. so there is a realp opportunity to do this. david: let me just ask about one specific thing. a lot of people are on board with regard to immigrants who can add to the economy. we just had an immigrant from india on earlier who came here, got an education, at mit. and went on to...
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ceiling debate of 2011. republicans say it is now time for the president to do something. >> this week, i'm pleased to join my leadership in putting forward the require a plan act that will say to the president two specific things. put a budget in place that balances with a continue-year period of time, but if you don't, tell us when it does. tell us when your plan balances. families and businesses across the great nation must work on a balanced budget. they can't borrow and spend as far as the eye can see. this president, it's time for him to step up, put forward a balanced budget or tell us when his budget will balance. >> for more on what we expect to hear from the president, we want to bring in my colleague and friend, john king in washington. john we know the president will try to kick the can forward here, talk about the need for revenue, as well as spending cuts but not deep cuts that everybody's concerned. what do we expect? >> a familiar haunt for both of us, the white house briefing room. using the
ceiling debate of 2011. republicans say it is now time for the president to do something. >> this week, i'm pleased to join my leadership in putting forward the require a plan act that will say to the president two specific things. put a budget in place that balances with a continue-year period of time, but if you don't, tell us when it does. tell us when your plan balances. families and businesses across the great nation must work on a balanced budget. they can't borrow and spend as far...
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ceiling issue so that they can breathe a little bit and try and move away from just these fiscal issues. now on the horizon there are lots of house republicans, particularly younger ones, who say let's cut the defense budget, let those automatic spending cuts take place, and there are lots of senior republicans who say, not so fast. so that's going to be a problem within the republican party as we look ahead. >> where does karl rove and his new super pac fit into that? >> did you ever think republicans would call him a rhino, republican in name only. here you go. i've always thought of karl rove as a conservative. what's going on is his pac has said, you know what, we are tired of someone associated with his pac said to me, quote, the novelty of losing elections has worn off, and what they've decided to do is to start putting their money in primaries. they want to vet republican primary candidates so that by the time they get to the general election they believe they have qualified vetted candidates who can actually win. conservatives are saying, this is not what you should do. you need
ceiling issue so that they can breathe a little bit and try and move away from just these fiscal issues. now on the horizon there are lots of house republicans, particularly younger ones, who say let's cut the defense budget, let those automatic spending cuts take place, and there are lots of senior republicans who say, not so fast. so that's going to be a problem within the republican party as we look ahead. >> where does karl rove and his new super pac fit into that? >> did you...
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Feb 6, 2013
02/13
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>>gretchen: you say forget the debt ceiling, forget the fiscal cliff. we have a demographic cliff, meaning that we have more older people now to sustain in our society and not enough young people coming up to keep the balance? >> right. that's what happens when you're below the replacement period for a long period of time. you have many more old people, fewer young people to support them. then you have to make choices. do you cut defense, cut benefits for the older people, do you raise taxes on workers? it winds up in a very bad situation. >>gretchen: let's look at the american family size. in the blue line, you're going to see, this is zero to two kids. that's been on the rise. in the red it's three-plus kids, which has been on the decline. i'm in the blue. i have two kids. you're currently in the red. you have three kids. but people having bigger families obviously for a variety of reasons is just not happening. >> it's harder. it's harder for all sofrts of reason -- sorts of reason. take, for instance, college. we are expanding educational opportunit
>>gretchen: you say forget the debt ceiling, forget the fiscal cliff. we have a demographic cliff, meaning that we have more older people now to sustain in our society and not enough young people coming up to keep the balance? >> right. that's what happens when you're below the replacement period for a long period of time. you have many more old people, fewer young people to support them. then you have to make choices. do you cut defense, cut benefits for the older people, do you...
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Jan 29, 2013
01/13
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FOXNEWS
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summer of 2011, big fight over the debt ceiling at the time. jay carney, white house press secretary accuses ed henry, our white house correspondent of spouting republican talking points. and now, to get into this fight over more and more spending. we have had a debt ceiling fight and a fiscal cliff fight, the president's talking about fox again. >> it would be so much better if he would man up and get in the arena. instead, he sits on the sidelines and talks to the comfortable media -- i don't blame him. but it's easy to take a shot. but he can come here. r. he will be treated with respect. bill o'reilly -- he would never talk to sean. but sean would be respectful am but he doesn't, you know, he won't come here -- and -- >> the research has shown more democrats watch fox than republicans watch some of the other news networks. if you go back to the debt ceiling fight, one of the things that angered the white house was republicans were saying, repeatedly, the president hasn't put forth a plan. wais his plan to cut spending? the answer was, you a
summer of 2011, big fight over the debt ceiling at the time. jay carney, white house press secretary accuses ed henry, our white house correspondent of spouting republican talking points. and now, to get into this fight over more and more spending. we have had a debt ceiling fight and a fiscal cliff fight, the president's talking about fox again. >> it would be so much better if he would man up and get in the arena. instead, he sits on the sidelines and talks to the comfortable media -- i...
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Feb 1, 2013
02/13
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we've had the debt ceiling suspended, another budget baths to go through. so investors, businessmen and even individual investors and consumers are still somewhat haunted by what's happening in the nation's capital. >> and if we could put the markets gain back up, we had seen it go above 14,000 earlier this morning. it's -- >> right there. >> right there, right now. okay. so this hasn't happened since '07. >> early october, the all-time high, 14,164. standard & poor's, 1465. we're within striking distance of both. and that's a good sign. the stock market is performing well. the bond market is performing as expected, if the economy is recovering and so are other markets. and the indicators i look atom as, actually quite positive. none showing signs of strain, the future economic prospects better than the past. so for now markets are tell us things are all right. that may change sometime in the future but looks good at this at the moment. >> and ron made fun of my ravens -- >> absolutely. >> see this? ravens-theme note paper. >> running wild over these guys.
we've had the debt ceiling suspended, another budget baths to go through. so investors, businessmen and even individual investors and consumers are still somewhat haunted by what's happening in the nation's capital. >> and if we could put the markets gain back up, we had seen it go above 14,000 earlier this morning. it's -- >> right there. >> right there, right now. okay. so this hasn't happened since '07. >> early october, the all-time high, 14,164. standard &...
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Feb 2, 2013
02/13
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MSNBC
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we did not go over the fiscal cliff and we did not hit the debt ceiling. evidence is piling up. >> that's true. here is the thing that struck me about hagel hearings, it seemed at times that chuck hagel was surprised that these people were not happy with him. it's as if he did not read a newspaper in month. >> his response to the surge question. mccain is the biggest supporter of the surge, he led it. chuck hagel disagreed and mccain seems to be right. and hagel looked surprised by the question. in defense of molly's story and washington is getting better. that was not about dysfunction of washington, the two of them just do not like each other. that has nothing to do do with the broader things washington. the issue matrix is changing a bit. what we with saw in 2009 and 2010, when health care and economy were on the table, those are where the parties are fundamentally divided. that is going to be true. but the immigration, there's not the same divide with them. so it's not a polarizing issue with john kerry. part of the reason we are seeing less dysfunctio
we did not go over the fiscal cliff and we did not hit the debt ceiling. evidence is piling up. >> that's true. here is the thing that struck me about hagel hearings, it seemed at times that chuck hagel was surprised that these people were not happy with him. it's as if he did not read a newspaper in month. >> his response to the surge question. mccain is the biggest supporter of the surge, he led it. chuck hagel disagreed and mccain seems to be right. and hagel looked surprised by...
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Feb 2, 2013
02/13
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KQED
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so as congress agrees to delay a showdown over the debt ceiling and faces a march 1 deadline for across the board spending cuts, what to make of this darned economy, david? >> am i supposed to answer that? it is confusing. the stock market is up. employers are hiring, very slowly. the government now tells us that hey -- they hired a lot more last year than previously believed. auto seafls are up 14% from last year. housing sales are coming back. on the other hand the economy took a pause at the end of last year? unemployment is very high, 7.9%. among men between 25 and 54 one out of six is not working. so i think when you cut through all this what do you see? well, the stock market is going like this and the economy is going like this. that can't last. i can't explain the stock market except maybe there was a gigantic sigh of relief. the republicans aren't going to force the u.s. freshry due default and the europeans aren't going to blow themselves up economically. you see an economy that's growing -- slowly. growing is better than not growing. the europeans are trying the not growing t
so as congress agrees to delay a showdown over the debt ceiling and faces a march 1 deadline for across the board spending cuts, what to make of this darned economy, david? >> am i supposed to answer that? it is confusing. the stock market is up. employers are hiring, very slowly. the government now tells us that hey -- they hired a lot more last year than previously believed. auto seafls are up 14% from last year. housing sales are coming back. on the other hand the economy took a pause...
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Feb 1, 2013
02/13
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and certainly, anything that washington does as we saw with the first debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government spending was going to be with some certainty, that would be better than this constant not knowing. we're on the 60-day clock and then on the 90-day clock. we need to get on a four and five-year clock. and that's why a budget and appropriations bills will make a difference, chuck. >> what are the chances, michael, of those things happening? >> well, you know, i think a long-term solution doesn't look very practical right now. and one reason is that members of congress like mr. blunt, republicans, are -- i think that it's more important not to give more ground on taxes than it is to create certainty. so i think e
and certainly, anything that washington does as we saw with the first debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government...
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Jan 29, 2013
01/13
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it comes out of the debt ceiling deal in 2011 and it was the backup to the supercommittee. and way it was designed, it was originally supposed to be half taxes and half spending cuts. so both sides would be terrified of letting it happen, and because they were so terrified of letting it happen, they would come to a deal. the point of the sequester was to get the two sides to a deal. but republicans wouldn't allow tax increases, even in the sequester. and so they made this weird deal with democrats. and they said, okay, the sequester has to be all spending cuts. but because we're not giving you any taxes, they can mostly be spending cuts you don't mind and that we really hate. so half of the sequester, a full half of it is defense. that is a huge, huge cut to defense. but it's actually worse than that for republicans. medicaid is completely protected from the sequester. social security, completely protected. most low-income programs, completely protected. medicaid beneficiaries, completely protected. veterans benefits, completely protected. pell grants, completely protected.
it comes out of the debt ceiling deal in 2011 and it was the backup to the supercommittee. and way it was designed, it was originally supposed to be half taxes and half spending cuts. so both sides would be terrified of letting it happen, and because they were so terrified of letting it happen, they would come to a deal. the point of the sequester was to get the two sides to a deal. but republicans wouldn't allow tax increases, even in the sequester. and so they made this weird deal with...
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Feb 5, 2013
02/13
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where i think republicans thought especially since they put off the debt ceiling fight they'd be able to take control of this issue. >> let's play what mitch mcconnell said just yesterday slamming the democrats for floating new revenue proposals. >> this is just another opportunity to trot out the democrat focus group approved policy stunt. if this is another fake fight designed by the white house to push us to the brink, then republicans are really not interested in playing along. >> molly, another fake fight. as it was described by mitch mcconnell there. but we know when you look at polling and watched since the end of the year, the polls show it's republicans who come up short where people believe they're presenting the fake fight, at least some of the polling. >> well, it is interesting to hear mcconnell describe it as focus group approved. they believe public opinion on their side and if there is what is viewed as gridlock and dysfunction in washington, republicans are blamed by that. i think the white house concluded, looking back on the last four years, that every time republic
where i think republicans thought especially since they put off the debt ceiling fight they'd be able to take control of this issue. >> let's play what mitch mcconnell said just yesterday slamming the democrats for floating new revenue proposals. >> this is just another opportunity to trot out the democrat focus group approved policy stunt. if this is another fake fight designed by the white house to push us to the brink, then republicans are really not interested in playing along....
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Jan 29, 2013
01/13
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the debt ceiling debate has been delayed for three months no. reason why the market can't keep running at this point just because there's no obvious catalyst to run into, but at some point, whether it's the revenue growth or something out of washington, you know, i think we'll -- we're due for a pause if not outright correction. >> fundamentals matter. >> sooner or later they do. >> please, go ahead. >> just going to mention two cautionary notes here. even though i'm pretty constructive on the economy i'll give you a good reason to worry about april sis the sequestering right? i think markets have gotten very comfortable with the washington dysfunction going on because they keep going up at the deadline and then fix the problem without damage to the economy and my sense is sequester happening, $100 billion out of the economy, is actually on the high side and i don't think that's built into the market and the other thing, the last time the market was at these levels, the size of the economy was only a little bit smaller than it was now, profits a
the debt ceiling debate has been delayed for three months no. reason why the market can't keep running at this point just because there's no obvious catalyst to run into, but at some point, whether it's the revenue growth or something out of washington, you know, i think we'll -- we're due for a pause if not outright correction. >> fundamentals matter. >> sooner or later they do. >> please, go ahead. >> just going to mention two cautionary notes here. even though i'm...
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Feb 3, 2013
02/13
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the debt ceiling, which does not one thing to add to the budget deficit. not one nickel of spenning, it's agreeing to pay the bill. we waited seven months and threaten ord credit rating. the american people are sick of that. they want action. they want their taxes low, as we just saw happen reinly in avoiding the fiscal cliff -- which came as i might add through bipartisanship. the republicanses came through with the table to what obama proposed and he compromised with raising it to the $4,000 level. that's the action that people want to see. >> speaking of our president, he said during obamacare, oh, you're premiums wouldn't be raised. sorry, david. that's exactly what we are seeing -- >> when 2014 comes along -- [overlapping dialogue] >> americans are not able to keep their health insurance. another thing the president promised. >> i have to say, after an absence of david being out, with personal issues and health issues, we are glad to see you back. >> it's a pleasure to be back. >> happy to have you both. >> a bus transporting a philadelphia youth grou
the debt ceiling, which does not one thing to add to the budget deficit. not one nickel of spenning, it's agreeing to pay the bill. we waited seven months and threaten ord credit rating. the american people are sick of that. they want action. they want their taxes low, as we just saw happen reinly in avoiding the fiscal cliff -- which came as i might add through bipartisanship. the republicanses came through with the table to what obama proposed and he compromised with raising it to the $4,000...
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it effectively suspends the 16- point-four trillion dollar debt ceiling in the meantime. in exchange. the bill requires congress to pass a budget by mid-april or have lawmakers' pay withheld. the budget for 2014 was supposed to be delivered by the president to congress yesterday but insiders say it'll probably be delayed until sometime in march. the u-s justice deparment has filed a civil lawsuit against the "standard and poor's" credit rating agency. the lawsuit accuses s-and-p of ingoring credit risks in order to favor the interests of large investment banks and others. s-and-p and other credit rating agencies have been criticized for giving high ratings to subprime and other mortgage securities. which lost value and contributed to the financial crisis. s-and-p officials denied any wrongdoing. according to a new study chicago has one of the most unpredictable commutes in the nation. the new study, called the "urban mobility report" recommends quadrupling the amount of time you should give yourself for your commute. researchers say if you plan your drive expecting normal
it effectively suspends the 16- point-four trillion dollar debt ceiling in the meantime. in exchange. the bill requires congress to pass a budget by mid-april or have lawmakers' pay withheld. the budget for 2014 was supposed to be delivered by the president to congress yesterday but insiders say it'll probably be delayed until sometime in march. the u-s justice deparment has filed a civil lawsuit against the "standard and poor's" credit rating agency. the lawsuit accuses s-and-p of...
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Feb 6, 2013
02/13
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to hit the debt ceiling. while the outcome could make it worse one bright spot growth is expect to do pick up from 2014 to 2018 as the effect of the housing financial criess is continues to face. >> thank you so much diane. >> it's 46 after the top of the hour. coming up, do you make your guests take off their shoes before they come into your house? are you normal or nuts doing this? >> you think cutting calories diet drinks are a good idea it turns out that is true unless you are mixing it with booze. we will explain that one straight ahead. first let's check in with steve doocy to see what's coming up on fox and friends first. >> it wouldn't be a morning without talking about food. >> sounds like you have been mixing something with something up there in that studio, lady. good morning to you. coming up on fox and friends we are talking a little bit how the governors of california and tech as are in a fight. which is better for business, texas with no income tax or california that has one way up here? also,
to hit the debt ceiling. while the outcome could make it worse one bright spot growth is expect to do pick up from 2014 to 2018 as the effect of the housing financial criess is continues to face. >> thank you so much diane. >> it's 46 after the top of the hour. coming up, do you make your guests take off their shoes before they come into your house? are you normal or nuts doing this? >> you think cutting calories diet drinks are a good idea it turns out that is true unless you...
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Jan 31, 2013
01/13
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WRC
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. >>> the latest debt ceiling battle is over for now. tonight the senate approved a bill that will suspend the $16.4 trillion debt limit. montana senator said failure to pass that bill would have set off an unpredictable financial panic, the government would have gotten into its first-ever default if no action was taken. this is only temporary. another deadline could come up by august. >>> if there's not a new bill, the u.s. -- the joints chiefs send a letter to congress warning about budget cuts set to go in effect in march. they say aircraft would be grounded, and ships would have to return to port. they also expect to furlough 800,000 defense workers. >>> chuck hagel was put on the spot today, put into defensive motor. danielle leigh is on capitol hill. >> it was quite a long day. that hearing started at 9:30. it's just dmou wrapped up. it was the first time the former senator had publicly responded to some of the his staunchest critics. and he spent a lot of time clarifying, even retracting some of hess pastingses. early on they made
. >>> the latest debt ceiling battle is over for now. tonight the senate approved a bill that will suspend the $16.4 trillion debt limit. montana senator said failure to pass that bill would have set off an unpredictable financial panic, the government would have gotten into its first-ever default if no action was taken. this is only temporary. another deadline could come up by august. >>> if there's not a new bill, the u.s. -- the joints chiefs send a letter to congress...
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Jan 29, 2013
01/13
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a political crisis over the debt ceiling might be further off than you think. chief congressional correspondent mike emanuel tells us about an idea to push the deadline the summer. >> sources say treasury officials told them to extent the debt creeling to mid-may could be stretched so the next deadline for action won't be until august if the senate passes the bill. to buy more time, they say extraordinary measures can be taken. the senate republican leader calls the debt crisis a chance to make the both leaner a more efficient. >> reducing the debt we eliminate an additional drag on the economy. so this isn't a conversation about austerity. it's a conversation about growth. and opportunity. >> republicans say part of getting the nation's fiscal house in order requires cutting government spending. democratic talking point this week is spending isn't the problem. it's the media. >> i am not going to keep cutting the discretionary budget which by the way is not out of control. despite what you hear on fox news. >> though this graphic from the office of management
a political crisis over the debt ceiling might be further off than you think. chief congressional correspondent mike emanuel tells us about an idea to push the deadline the summer. >> sources say treasury officials told them to extent the debt creeling to mid-may could be stretched so the next deadline for action won't be until august if the senate passes the bill. to buy more time, they say extraordinary measures can be taken. the senate republican leader calls the debt crisis a chance...
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Feb 5, 2013
02/13
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CURRENT
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the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of domestic violence and this particular version extends that care to illegal immigrants, native americans and lgbt members. senators who voted against considering that bill include ted cruz, marco rubio and rand paul, all republicans. more bill's up next. stay with us. to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >
the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of domestic violence and this particular version extends that care to illegal immigrants, native...
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Jan 31, 2013
01/13
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KTVU
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the house passed a bill that extends the debt ceiling through may 18th. the legislation also requires both the house and the san jose to approve budgets by april 15th or face the loss of their paychecks. >>> the government of zimbabwe says it has own $217 left in the national treasury. this is after paying public workers last week. the government says it will ask the international community for financial assistance. opposition parties accuse the government of misusing hundreds of millions of dollars in revenue from the country's diamond sales. >>> new this morning, syria and iran are threatening to retaliate against israel for a rare israeli air strike inside syria. u.s. officials say israel is targeting a weapons convoy when it launched the air strike. the convey was believed to be the anti-weapons headed to hezbollah militants. the concern, that would allow the militant to shoot down israeli airplanes. syria said the israeli air strikes hit a military research facility. >>> "the new york times" now revealing for the last four months its computer system
the house passed a bill that extends the debt ceiling through may 18th. the legislation also requires both the house and the san jose to approve budgets by april 15th or face the loss of their paychecks. >>> the government of zimbabwe says it has own $217 left in the national treasury. this is after paying public workers last week. the government says it will ask the international community for financial assistance. opposition parties accuse the government of misusing hundreds of...
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Feb 5, 2013
02/13
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CSPAN
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ceiling and that is no way to govern the country. i am hopeful that new labels will give us a way to govern the country where we start out at least bleeding in trusting the other members across the aisle have come to congress for the same reason we have. >> what can you do to bring about a more thoughtful, pragmatic congress? i want to throw out three ideas that are beyond the scope of what knolls febles has taken on. -- no labels has taken on. it was not perfect. we have 150 saved seats. they fear their primary. number two, money. and sentence. the creation of money is one of the threats to democracy. where incentivize to do crazy things. i give two examples last night. when the season the outrageous on the floor, when a republican member calls the president a liar, when a democratic member says the republican health care program is don't get sick and if you die, die quickly. those statements damage the fabric of our democracy and they raised $1 million in 24 hours. we can do about -- something about those first two. number three is
ceiling and that is no way to govern the country. i am hopeful that new labels will give us a way to govern the country where we start out at least bleeding in trusting the other members across the aisle have come to congress for the same reason we have. >> what can you do to bring about a more thoughtful, pragmatic congress? i want to throw out three ideas that are beyond the scope of what knolls febles has taken on. -- no labels has taken on. it was not perfect. we have 150 saved seats....
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they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers. so how do you -- how do you piece it together in your mind that the economy can be doing so poorly and yet the president is more popular than ever. fun know the answer, e-mail us or tweet us. >>steve: there's so many low-information viewers and votes out there. >>brian: that's their choice. >>steve: absolutely. when the payroll tax hit at the first of this year, they are going to go where did that money go? it was a shock to them. senator john thune yesterday tweeted after jay carney blamed the house democrats. -- house republicans. he says white house secretary blames g.o.p. for
they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers....
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s own fight over the debt ceiling. and then we were set to take off, all of a sudden we saw a big tumble in the stock markets and we saw job growth go back down again. i believe in august 2011 the initial report was zero net jobs. now they eventually revised that up to 100,000, but still an amemic growth rate. host: we continue our conversation regarding the 157,000 jobs added in january in the unemployment rate back now at 7.9% with patrick rice of politico. donald from statesville, north carolina is our next caller. donald is on our line for republicans. caller: hey, how you doing. i'm calling from statesville, north carolina, and we got some bad news here. freight liner who was in cleveland, north carolina, is going to lay off 750 employees. trim systems that supported them, they're closing their plant, 65 employees down to two. but here's my question, you know. when they do these job numbers, lowe's down here is going to hire 45,000 part time workers. does that count in the job numbers? or those are not even includ
s own fight over the debt ceiling. and then we were set to take off, all of a sudden we saw a big tumble in the stock markets and we saw job growth go back down again. i believe in august 2011 the initial report was zero net jobs. now they eventually revised that up to 100,000, but still an amemic growth rate. host: we continue our conversation regarding the 157,000 jobs added in january in the unemployment rate back now at 7.9% with patrick rice of politico. donald from statesville, north...
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can we just get rid of the debt ceiling? it's a real brawl. >> just deep six that sucker like no other country deals with this it ottic device. hey, i'm going to borrow some money, but i'll think twice over whether i'm going to pay the bill when it comes. >> what if it was the founding father himself who said i think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago, we voted on every bond issue individually. so you think it's bad now, just imagine if we had had that situation. but looking forward, though, this is very much yesterday's story. it was interesting that the reason the dow took this latest jump upwards was because the house a couple of weeks ago signaled they weren't going to have a fight over the debt ceiling. now, people need to focus on the fact that the next big tripwire is the sequester. i think markets got a little bit complacent the one second. >> we want to talk about the federal reserve, as well
can we just get rid of the debt ceiling? it's a real brawl. >> just deep six that sucker like no other country deals with this it ottic device. hey, i'm going to borrow some money, but i'll think twice over whether i'm going to pay the bill when it comes. >> what if it was the founding father himself who said i think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago,...
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ceiling the next time, so let's lose here gracefully and then not lose on the debt ceiling where the outcome could be more disastrous for markets if we don't have a debt ceiling increase. if you have a sequester, it's going to be a problem for gdp over the course of the year. it's not going to be an immediate problem, i don't think, for markets if the government says, hey, we're going to cut tens of billions of dollars of spending right away. >> losing gracefully. what a concept. a concept. a concept. cnbc's amman javers. >> i'm great at losing gracefully. >> so am i. >> thank you for your insight and time. >> coming up from immigration to reproductive rights to fiscal krn. tea partiers have undermined the efforts of established republicans. who will win the great republican tug-of-war? we will discuss just ahead. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large pro
ceiling the next time, so let's lose here gracefully and then not lose on the debt ceiling where the outcome could be more disastrous for markets if we don't have a debt ceiling increase. if you have a sequester, it's going to be a problem for gdp over the course of the year. it's not going to be an immediate problem, i don't think, for markets if the government says, hey, we're going to cut tens of billions of dollars of spending right away. >> losing gracefully. what a concept. a...
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>> this moves the debt ceiling fight the back. now march 1, automatic spending cuts and defense and other programs begin to hit and government spending on march 27. next up, defense spending will be a topic of conversation in d.c. and congress. david: rich edson, thank you from d.c. liz: the chief strategist in the pits of the cme. right now i would love to sit here and talk about the trading action for today. the last day of january, it all @ooks very nice. it looks pretty good for january. here comes the january jobs report, is that what people are looking at? >> absolutely. the whole week has been pointed for tomorrow. lots of consumer confidence, lousy gdp, lots of bad numbers. everybody is pointing for this number tomorrow. if it doesn't beat significantly, think we're in for a little bit of solid pressure. looking for 195, expecting 215. if we are not north of 215, the market might rally a little bit and then sell off. now priced for perfection. david: what kind of selloff are people expecting? a minor 5% selloff for somethi
>> this moves the debt ceiling fight the back. now march 1, automatic spending cuts and defense and other programs begin to hit and government spending on march 27. next up, defense spending will be a topic of conversation in d.c. and congress. david: rich edson, thank you from d.c. liz: the chief strategist in the pits of the cme. right now i would love to sit here and talk about the trading action for today. the last day of january, it all @ooks very nice. it looks pretty good for...
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. >> first they argue the debt ceiling was their leverage. then they realize politically that was problematic for them. now that we resolved that at least for now although we still have to deal with it down the road, you've got deficit reduction that they perceived to be their leverage through shutting the government down or allowing what both republicans and democrats agree is an unacceptbly large set of spending cuts in the sequester which were designed to incentivize us to sit down. we're not going to be able to deal with this by march 2nd. let's make sure we avoid those cuts. >> absolutely. >> so here's what i think we have to look out for. i was up on the hill testifying this morning, and i'm picking up the following. i think what republicans would like to do is actually cancel the defense part of the sequestration and shift those cuts on to the non-defense side. that must be avoided. look, first of all in my view all these cuts ought to be avoided the way the president was talking about today. but what i just described absolutely must b
. >> first they argue the debt ceiling was their leverage. then they realize politically that was problematic for them. now that we resolved that at least for now although we still have to deal with it down the road, you've got deficit reduction that they perceived to be their leverage through shutting the government down or allowing what both republicans and democrats agree is an unacceptbly large set of spending cuts in the sequester which were designed to incentivize us to sit down....
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over all extends enforcement the of current debt ceiling through mid-may. but at that point it retroactively goes up and the bipartisan policy center says the increase will be $450 billion. call it about half a trillion so the new total will end up being around 17 trillion in federal debt, as of mid-may. that string attached to the no budget-no pay provision. house republicans who have passed budgets during the first obama term inserted this into the legislation, essentially to pressure senate democrats to pass budgets. they have not done that during obama's first term. the measure says each chamber has to pass a budget by mid-april. sured either chamber fail, its member's pay would be withheld. here is harry reid talking about it and how it comes together today. >> obviously democrats would prefer a longer suspension of the debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility the united states could default on its obligations every few months is not an ideal
over all extends enforcement the of current debt ceiling through mid-may. but at that point it retroactively goes up and the bipartisan policy center says the increase will be $450 billion. call it about half a trillion so the new total will end up being around 17 trillion in federal debt, as of mid-may. that string attached to the no budget-no pay provision. house republicans who have passed budgets during the first obama term inserted this into the legislation, essentially to pressure senate...
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without this legislation, the government would have surpassed its $16.4 trillion debt ceiling next month. just avoided that. more to come this hour including the latest on china hacking into our computers, and more than $7.5 trillion. that's how much money was pumped into this economy in five years. where did it go? did it do any good? i'll break it down, next. ♪ not their short-term agenda. [ male announcer ]oin the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ >> you know, sometimes it's the numbers that tell the story, and, tonight, there is one number, just one number that tells you everything you need to know about what's wrong with washington's play book. that number? 7.66 trillion, as in dollars, as in taxpayer dollars.
without this legislation, the government would have surpassed its $16.4 trillion debt ceiling next month. just avoided that. more to come this hour including the latest on china hacking into our computers, and more than $7.5 trillion. that's how much money was pumped into this economy in five years. where did it go? did it do any good? i'll break it down, next. ♪ not their short-term agenda. [ male announcer ]oin the nearly 7 million investors who think like you do. face time and think time...
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. >>> straight ahead, a senate vote on the debt ceiling in 30 minutes. what we expect to happen there and what it means for the larger budget bat until d.c. asional have constipation, diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. >>> in the next hour, the senate is expected to vote on and pass the house's debt ceiling deal. a bill that su spends the debt limit for four months and foregoes the threat of default but doesn't end the fiscal threat. sequestration looms large over the capitol. a p
. >>> straight ahead, a senate vote on the debt ceiling in 30 minutes. what we expect to happen there and what it means for the larger budget bat until d.c. asional have constipation, diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. behind the silver of philadelphia cream cheese. it always begins with fresh, local milk,...
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republicans acted in that direction by putting off the debt ceiling a couple of months until may as hampton mentioned a minute ago. the president is going to propose the same thing on the budget sequester but not, according to a white house official, laying out his own plan. he's going to call on congress to do that and expected response from republicans, tyler, is, hey, mr. president, where are your cuts, we want to see them. >> john harwood, thank you very much. once again you will see the president's address live right here on "power lunch" in just a few moments. before that occurs, we have a triple digit advance. the market added to advances a few moments ago when we got budget figures. the dow up 109 points. the nasdaq up 34 and the s&p 500 is up 14 points. more on the trading action right here from bob pisani. he joins me on the floor of the nyse. it's almost like yesterday didn't happen. >> the important thing is, i know it doesn't seem terribly exciting but we are 14,000, we're a couple of points from a historic high from the dow jones industrial. we've been up a couple points throu
republicans acted in that direction by putting off the debt ceiling a couple of months until may as hampton mentioned a minute ago. the president is going to propose the same thing on the budget sequester but not, according to a white house official, laying out his own plan. he's going to call on congress to do that and expected response from republicans, tyler, is, hey, mr. president, where are your cuts, we want to see them. >> john harwood, thank you very much. once again you will see...
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has signed into law the government raising the debt creole creole -- debt ceiling. house republicans are calling out president obama for missing an official deadline on monday. by law the president is required to deliver his budget for the upcoming fiscal year to capitol hill. this is the fourth time in five years that simply did not happen. and house speaker john boehner is pointing fingers. >> going to be late. some reports say it could be as long as a month late. i think that's too bad. our economy could use some presidential leadership right now. >> republicans plan to hold a vote today on the new measure to drive attention to the missed deadline. the white house isn't saying when the 2014 spending plan is coming out. that is very unusual. the buzz is mid- to late march at this point which is pretty much unheard of. you do not see budgets delayed quite this long. you have to go back to the reagan era to find that kind of delay. >> any reason what's the holdup? >> this is all political. we have the sequestration set to hit in march but what's interesting is that
has signed into law the government raising the debt creole creole -- debt ceiling. house republicans are calling out president obama for missing an official deadline on monday. by law the president is required to deliver his budget for the upcoming fiscal year to capitol hill. this is the fourth time in five years that simply did not happen. and house speaker john boehner is pointing fingers. >> going to be late. some reports say it could be as long as a month late. i think that's too...
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they also are girding for another big battle over potentially a debt ceiling extension months down the road, and they're really thinking about, you know, a fight over the sequester or not, using this sort of yearlong view and thinking about the bats down the road and not using all their leverage right now. >> we got some projections yesterday on the deficit, projected to be $845 billion, that would be under a trillion for the first time since 2008. does this play into all of this discussion at all? >> i mean, it's fairly consistent with the president's proposal, which is to say he doesn't want to cut spending too much right now. he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pa
they also are girding for another big battle over potentially a debt ceiling extension months down the road, and they're really thinking about, you know, a fight over the sequester or not, using this sort of yearlong view and thinking about the bats down the road and not using all their leverage right now. >> we got some projections yesterday on the deficit, projected to be $845 billion, that would be under a trillion for the first time since 2008. does this play into all of this...
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it was august 2011 and the word sequester came out of the failed deal on the debt ceiling. then came the fiscal cliff, that was the next chance to prevent all of the cuts. washington punted, they said hey, three more months, we'll solve it then. nope. now three months is coming so guess what? they will punt again. you know what, thinking about it today, it reminded me a lot about this. ♪ put your little hand in mine ♪ put your little hand in mine ♪ put your little hand in mine ♪ there ain't no hill or mountain we can't climb ♪ >> that of course was "groundhog day." at least they had a good song. we have to listen to the terrible voices of people in washington. "outfront," michael waldman president of the brennan center from nyu school of law, and michael medved, conservative commentator for salem radio. great to see both of you. michael waldman, you're both michael so i have to do first and last names. great to see both of you. the president asking for a smaller package because a bigger deal can't get done. how is this moving the ball forward? there's blame to go
it was august 2011 and the word sequester came out of the failed deal on the debt ceiling. then came the fiscal cliff, that was the next chance to prevent all of the cuts. washington punted, they said hey, three more months, we'll solve it then. nope. now three months is coming so guess what? they will punt again. you know what, thinking about it today, it reminded me a lot about this. ♪ put your little hand in mine ♪ put your little hand in mine ♪ put your little hand in mine ♪ there...
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we have avoided the fiscal cliff posted on the debt ceiling. earnings are decent, decent economic indicators here and outside the u.s. on balance is good, not everyone of them. we have central bankers all over the world, but begging for reflation putting money in the system and a lot of cash getting zero return and those things i think are the reason the stock is likely to continue going. connell: that is the last one i want to pick up on because reading your most recent numbers is lack of tolerance for the cash balances giving a zero return, so people do look and say i can't get a return for a decent yield on anything, so i would rather be in stocks than any kind of fixed income class. if any of that changing in the future, and if so at what point? interest rates have to go up some point, don't they? >> i think they will continue to creep higher, but they can't go a lot higher because the economy would then weekend. so i think as we globalize and the rate race will continue hig, but a lot of cash out there saying when things were volatile in t
we have avoided the fiscal cliff posted on the debt ceiling. earnings are decent, decent economic indicators here and outside the u.s. on balance is good, not everyone of them. we have central bankers all over the world, but begging for reflation putting money in the system and a lot of cash getting zero return and those things i think are the reason the stock is likely to continue going. connell: that is the last one i want to pick up on because reading your most recent numbers is lack of...
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ceiling debate, take the pick, and we fell off the cliff. do you see that happening this year? >> after the election in germany this fall, yes, i expect things will be bad in the world economy. cheryl: you mentioned europe four times now. >> yeah, i mean, there's going to be a lot of good news, and she's got one of the largest economies in the world. her central bank in europe is printing money as well now. everybody's printing money. cheryl, it can't go on. it's artificial. it's a pool of par dies. if it's based on printing presses, that's a bad theme. cheryl: the lost decade. gym -- jim rogers, thank you very much. congratulations on the book. >> thank youings thank you, make that two lost decades. cheryl: that's right, thank you. dennis: the dow is now at 13999, but they will be right some day. all right, looks like the housing recovery could be for real. december home prices making the highest leap in six and a half years, this as a third of listings in some markets, washington, d.c., denver, they are selling in two weeks or less. brian
ceiling debate, take the pick, and we fell off the cliff. do you see that happening this year? >> after the election in germany this fall, yes, i expect things will be bad in the world economy. cheryl: you mentioned europe four times now. >> yeah, i mean, there's going to be a lot of good news, and she's got one of the largest economies in the world. her central bank in europe is printing money as well now. everybody's printing money. cheryl, it can't go on. it's artificial. it's a...
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ceiling. guess what? it's time to pay the piper. >>> it's been delayed once. the president can argue all the bad things will happen and the food will be unsafe and the nuclear weapons will get lost in russia or whatever else he'll say, but eventually this is a problem that can't just be outrun. >> well, and the white house, at least the president's version of the story is he didn't come up with sequester and there are questions as you mentioned about jack lew being the man who came up with this, that there's some connection to the administration. he said congress came up with it, it's their fault, they have to deal with it. something else he may talk about today is essentially this theme that the economy is poised to start growing this year. we know it didn't grow. in fact, it went in reverse the fourth quarter of 2012 and unemployment went up last week, so where are the green sprouts of growth? >> well, we've seen this movie before, haven't we? every time it looks like things are getting read
ceiling. guess what? it's time to pay the piper. >>> it's been delayed once. the president can argue all the bad things will happen and the food will be unsafe and the nuclear weapons will get lost in russia or whatever else he'll say, but eventually this is a problem that can't just be outrun. >> well, and the white house, at least the president's version of the story is he didn't come up with sequester and there are questions as you mentioned about jack lew being the man who...
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we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount of debt we already have and the massive amount of additional debt that the administration would like to create. now, the administration's position is very clear. they want additional borrowing authority with no strings attached, no conditions, no limits on future spending. they just want to be able to keep borrowing. some on our side of the aisle feel very strongly that any increase in the debt ceiling that authorized still more borrowing needs to be accompanied with some measure of spending discipline so that we can at some point begin to regain control over these out-of-control deficits and the debt. well, in any case, what we know for sure is this tension will re-emerge and that we don't have a resolution in place now, and if this measure passes -- which very likely it will and it will be signed into law -- we h
we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount of debt we already have and the massive amount of additional debt that the administration would like to create. now, the administration's position is very clear. they want additional borrowing authority with no strings...
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debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader, john boehner. >> obama told his staff, john boehner is a country club republican, a golf-playing, cigarette smoking deal-maker. >>arrar: t predent invited boehner to play golf with him at andrews air force base. >> and afterward, they go back to the clubhouse, and they're having a drink; there's a photo op. and it's at that point when boehner says to the president, "hey, you know, on this debt ceiling stuff, we ought to do something big." >> nar
debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death...
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they have agreed to put off the debt ceiling debate. we have got a little extra time on the debt ceiling, but they are going to be looking to extract some blood. they want revenge for having gotten so beaten down by the president in the fiscal cliff negotiations. where politics are concerned, how accurate is the narrative i just laid out? >> i think you are right, but here is the. you did not mention, and that is a poll after poll shows us the american people are clear. they understand in this difficult economy you do not cut social security or disability programs. you do not head -- you do not cut medicare or medicaid. if the president were to go forward and say, we are not going to balance the budget on the backs of the most vulnerable, but we are going to look for hundreds of billions of dollars in revenue from those companies that are stashing their money in the cayman islands or bermuda or other tax havens. we are going to take on hard look at all corporate loopholes. we are going to look at the absurdity of continuing to give tax
they have agreed to put off the debt ceiling debate. we have got a little extra time on the debt ceiling, but they are going to be looking to extract some blood. they want revenge for having gotten so beaten down by the president in the fiscal cliff negotiations. where politics are concerned, how accurate is the narrative i just laid out? >> i think you are right, but here is the. you did not mention, and that is a poll after poll shows us the american people are clear. they understand in...
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debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best actions taken by the federal government and the worst? >> at think there were three. in net you a tie for first? >> you know how tv works. >> one was tart. very unpopular, but effective and turn a profit for the taxpayer. second was the stimulus that we were just talking about. could have been better. was not a perfect stimulus bill, a pretty good given the political constraints. third, what almost no one ever talks about, the bank stress test. to me the banks stress test and this compared pedestrian 2009 was the equivalent of the fdr bank holiday. once was over people felt
debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best...
SFGTV: San Francisco Government Television
92
92
Feb 5, 2013
02/13
by
SFGTV
tv
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the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take effect on january 1 prevented cats to all discretionary funding programs. the highway trust fund that primarily funds the highway and transit account is protected, would not have been subjected to the sequestration got. the new starts funding programs, new source of funding for the central suburb project, we are keeping a close eye on that because there is a potential cut to the program. we are also keeping an i on the continuing resolution for the federal appropriations level. in october. in october 1, there was a six-month continuing resolution of the federal appropriation bill which expires at the
the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take...
936
936
Jan 29, 2013
01/13
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FBC
tv
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that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that could shut down the federal government. you're looking at debt ceiling all the way on may 18th. congressional aides saying treasury is telling them pause of extraordinary measures they can use, this pushes the debt ceiling day back to sometime this summer perhaps if this is a bill that clears congress and the senate is going to consider it the next couple of days and likely it does pass of the because the debt ceiling is pushed off and the next real fast deadline is march 27th, that government spending deadline, analysts say that increas
that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that...